Berkshire Hathaway Q3 results: Profit jumps 17% to $30.8 bn as Buffett readies exit; Greg Abel set to take charge amid $381 bn cash pile

Warren Buffett’s Berkshire Hathaway saw a significant 17% profit jump, fueled by a robust insurance sector and strong investment returns. Despite the legendary investor’s upcoming transition to Vice Chair Greg Abel in January, the conglomerate’s operating profit soared. This impressive performance, even with a dip in utilities, highlights Berkshire’s continued financial strength.